Cox voices interest in fund exec pay disclosure: report

JohnSpence

BOSTON (MarketWatch) -- Securities and Exchange Commission Chairman Christopher Cox said a proposal by Vanguard Group founder John Bogle to require fund companies to disclose the compensation of their top executives "is an idea worthy of exploration," according to a published report Friday. Cox didn't endorse pay disclosure or say if the commission would pursue the idea, The Boston Globe reported. But Cox did tell the newspaper Bogle's proposal is consistent with his wider agenda to provide clearer information about executive pay, saying "mutual fund investors have a right to know how fund assets are being spent."

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.